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Business - Page 562

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified arrears owed to power generation companies and gas suppliers. The bond, guaranteed by the full faith and credit

December 21, 2025

Sterling Bank, AATIF Raise $15m To Fund Renewable Energy-powered Agro-enterprises

Business

Sterling Bank Accused Of Hoarding New Naira Notes, Faces CBN Penalty

Sterling Bank has been accused by the Central Bank of Nigeria (CBN) of breaching the financial regulator’s directive by hoarding the new Naira banknotes from the public. In a trending video, about N6 million of the redesigned currencies were said to have

February 6, 2023

Why Foreign Investments In Nigerian Startups Dropped By 65%

Business·Insights·Startup·Technology

Why Flutterwave, Paystack, Other Nigerian Tech Startups Are Snubbing Nigeria For US

In 2019, Nigerians were shocked when the African-based e-commerce platform, Jumia, described their online marketplace as a German company. Jumia erased the thought among Nigerians that the firm is a Nigerian or even African firm as it seeks foreign investment through Initial

February 6, 2023

Supreme Court Favours Northern States, Suspends Old Naira Deadline

2023 Elections·Business·Opinion

Currency Crisis: The Drama, Sorrows And The Inevitable Truth

I have seen videos of fights breaking out in banking halls and at ATMs as customers struggle to withdraw cash. There are also heartrending pictures of women stripping naked in banking halls, protesting their inability to access their hard-earned money. In the

February 6, 2023

AMA News·Business

U.S.-Africa Business Summit to be held July 11-14 in Gaborone, Botswana

WASHINGTON, DC, USA,6 February 2023, /African Media Agency/-During a visit to Gaborone, Botswana, Corporate Council on Africa (CCA) President and CEO Florizelle “Florie” Liser was honored to meet with H.E. Mokgweetsi Masisi, President of the Republic of Botswana, who reiterated his Government’s commitment

February 6, 2023

Business·Currency·News

Sterling Bank Denies ‘Hoarding’ Millions Of N200 Notes In Ado-Ekiti Vault

Sterling Bank Plc on Sunday explained circumstances surrounding the caches of N200 notes stashed away in the vault of its Ado-Ekiti branch, while its Automated Teller Machines (ATMs) were allegedly bereft of cash. An official of the Central Bank of Nigeria (CBN)

February 6, 2023

Business·News·Sports

West Ham United Keen To Welcome Arsenal, Chelsea, Man United Bids For Rice At £100m

Arsenal were ready to sign West Ham United captain, Declan Rice when it became apparent that Moises Caicedo would not be allowed to move to another club, reports in the English media revealed Sunday evening

February 5, 2023

Business·Currency·News·Top Stories

Naira Scarcity: Banks, POS Operators, Restaurants, UNN Students On Collision Course

Iheoma, a student of the University of Nigeria Nsukka (UNN) narrates her ordeal with a shop owner in the university town as she attempted to buy a few necessary items. “I was told that every item I buy attracts an extra N50;

February 5, 2023

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Business·Currency

Prime Business Africa Hosts Twitter Space To Discuss CBN’s Naira Debacle

As Nigerians suffer the ripple effect from the Central Bank of Nigeria’s (CBN) hasty transition from the old Naira to the redesigned banknotes, Prime Business Africa has organised a Twitter space to shed more light on the Naira debacle. The Twitter space

February 3, 2023

CBN Naira Redesign Policy Deteriorates Business Condition – Stanbic IBTC

2023 Elections·Business·Currency

Old Naira: Buhari, Governors Meet, To Decide On Extension In 7 Days

President Muhammadu Buhari met with Governors of the All Progressive Congress (APC) on Friday, 3, February 2023, over the prolonged scarcity of Naira notes in Nigeria. The governors visited the State House in Abuja to compel President Buhari to override the deadline

February 3, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Dollar Rate Rises As Naira Note Scarcity Hits Nigerian Banks

The Dollar rate appreciated in the official foreign exchange market on Thursday, 2, February 2023, as Nigerian commercial banks struggle to make Naira available to the public. According to data obtained from the FMDQ Exchange, the Naira took a beating, losing –0.11

February 3, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 562

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Sterling Bank Accused Of Hoarding New Naira Notes, Faces CBN Penalty

Why Flutterwave, Paystack, Other Nigerian Tech Startups Are Snubbing Nigeria For US

Currency Crisis: The Drama, Sorrows And The Inevitable Truth

U.S.-Africa Business Summit to be held July 11-14 in Gaborone, Botswana

Sterling Bank Denies ‘Hoarding’ Millions Of N200 Notes In Ado-Ekiti Vault

West Ham United Keen To Welcome Arsenal, Chelsea, Man United Bids For Rice At £100m

Naira Scarcity: Banks, POS Operators, Restaurants, UNN Students On Collision Course

Prime Business Africa Hosts Twitter Space To Discuss CBN’s Naira Debacle

Old Naira: Buhari, Governors Meet, To Decide On Extension In 7 Days

Dollar Rate Rises As Naira Note Scarcity Hits Nigerian Banks

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

Enugu’s BRT Blitz: Modern Roads, Shattered Lives

Forged Laws Allegation Deepens Nigeria’s Governance Crisis – Obi

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Business - Page 562

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